Beam Suntory

OVERALL
Owned	JPN
Rating

Alcohol, especially spirits

World's third largest spirits company. Formerly known as Fortune Brands, Beam Inc began trading as an independent company in October 2011 after selling and spinning off it's home & hardware and golf divisions. Acquired by Suntory in 2014 for $16bn and renamed Beam Suntory. Distributed in Australia by Coca-Cola Amatil.

Company Ownership

Beam Suntory Inc	USA	website	email
Suntory Holdings Ltd       owns 100% of Beam Suntory Inc	JPN	website	email	facebook	twitter
Beverage manufacturer Suntory is Japan's leading producer and distributor of alcoholic and nonalcoholic beverages. They are also involved in pharmaceuticals, restaurant operation, sports, music and film, resort development, publishing, and information services. Bought Europe's Orangina Schweppes Group in 2009 and USA's Beam Inc in 2014. Suntory's founding family owns about 90% of the privately held company. Part of the Mitsui keiretsu.

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Company Assessment

PRAISE	CRITICISM	INFORMATION
Beam Suntory Inc
	Bribery in India In 2018 this company agreed to pay more than $8 million as penalty for settling a case involving bribery by its India subsidiary of government officials to increase sales, process licences and facilitate distribution of distilled spirit products. [Source 2018][More on Finance]	Marketing Guide Follow the link to see this company's Drink Smart website, which provides information about responsible drinking and eliminating alcohol abuse. [Source 2015][More on Irresponsible Marketing] Responsibility claims This company has a number of responsibility claims on its website in the areas of responsible business, responsible drinking, philanthropy and environment. [Source 2015][More on Sustainability Reporting] Modern Slavery statement California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement. [Source 2017][More on Human Rights] OpenSecrets.org profile OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more. [Source 2014]
Suntory Holdings Ltd
	Access to Nutrition rating The Access to Nutrition Index (ATNI) is a global initiative that evaluates the world's largest food and beverage manufacturers on their policies, practices and performance related to undernutrition and obesity. Of the 22 companies ranked this company came 19th. [Source 2018][More on Product Safety] Unsustainable palm oil use This company scores Ethical Consumer's worst rating for their use of palm oil, signifying they are using no or minimal certified palm products, and with no or minimal positive commitments. [Source 2019][More on Palm Oil]	Climate action commitments As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target. [Source 2017][More on Climate Change] Eco Brand Index Suntory has been the top ranked company five years in a row in Nikkei Business Publications' Eco Brand Index. The survey is conducted annually through an Internet-based questionnaire, which looks into how environmental efforts of leading 560 companies in Japan are received by consumers. The survey received valid responses from 19,639 consumers. The four indices of 'contact with environmental information', 'environmental communication', 'environmental image' and 'environmental evaluation' constitute the Eco Brand Index. [Source 2015][More on Sustainability Reporting] CSR claims This company has extensive corporate social responsibility claims on its website. [Source 2016][More on Sustainability Reporting] Genetic Engineering Suntory subsidiary, Florigene Pty Ltd, develop genetically engineered flowers. [Source 2015][More on Genetic Engineering] Alcohol - direct involvement Directly involved in the manufacture, distribution or sale of alcohol as a core business. (Does not include sale of alcoholic beverages as a non-core business). [Source x][More on Product Safety]

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Related News

Suntory completes Beam acquisition
5th May 2014 — Suntory, the Japanese drinks giant, has completed its $16 billion purchase of US firm Beam, maker of Jim Beam bourbon, creating the world's third-largest spirits manufacturer. Beam has been renamed Beam Suntory, and operates as a subsidiary of Suntory Holdings.  [source]

Suntory set to acquire Beam Inc
15th Jan 2014 — Japanese beverage company Suntory Holdings is set to acquire all outstanding shares of premium alcoholic spirits company Beam Inc for US$83.50 per share in cash or total consideration of approximately US$16 billion. The deal is unlikely to have a significant impact on Beam's products in Australia because of long-term distribution contracts in Australia between Beam and Coca Cola Amatil (CCA).  [source]